Need to reactive my cash ISA with Lloyds - HotUKDeals
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Need to reactive my cash ISA with Lloyds

£0.00 @
Does this mean I am no longer earning tax free interest on it? One of the terms of reactivating is that I do not subscribe to another ISA with another organisation. Read More
lumoruk Avatar
banned8y, 4w agoPosted 8 years, 4 weeks ago
Does this mean I am no longer earning tax free interest on it? One of the terms of reactivating is that I do not subscribe to another ISA with another organisation.
lumoruk Avatar
banned8y, 4w agoPosted 8 years, 4 weeks ago
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#1
i think you need to pay money in it every year, if you miss a year, the next time you pay money in you will need to reactivate it, im pretty sure you continue to earn interest though, and you can only pay money into one ISA a year i think, so if you bung 3.6k into this one you cant invest in another ISA this tax year.
#2
Smeagol<3sDeagol
so if you bung 3.6k into this one you cant invest in another ISA this tax year.


I am not an expert on ISAs, but I believe there are CASH ISAs and SHARE ISAs.

You can put 3.6K into a cash ISA, but I think you CAN also put the same amount into a Share ISA in the same tax year.

And note in the budget the amount has been increased to £5,100 per year (cash ISA) for the NEXT tax year (in fact for the over 50s it has been increased to £5,100 from this October)
banned#3
I don't want to put any money into it so just needed confirmation I would still earn interest on an inactive ISA account
#4
yeah you just have to re-submit the signed aplication form to add more money if it has been longer than a year.
#5
Like Smeagoletc says.
banned#6
alternate
yeah you just have to re-submit the signed aplication form to add more money if it has been longer than a year.


I don't want to add any money to it, Lloyds interest rates are **** :whistling:

chesso
Like Smeagoletc says.


thanks

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